Newswire stories are accessible to registered WardsAuto users and those with Premium access. Register Now

Most Recent

Newswire

Japan farming reforms a stiff test of Abe's resolve  

* Abe wants to liberalise sclerotic farm sector * Abe negotiating trade pact that would cut import tariffs * Japan Agriculture lobby resisting reforms and trade pact * Some fear Abe could backtrack to avoid clash before local elections * Japan farms inefficient and tiny by international standards By Yuka Obayashi...More
Newswire

Motor racing-Toro Rosso aim for high five with new car  

Jan 31 (Reuters) - Toro Rosso unveiled their 2015 car on Saturday and set their rookie drivers, including Formula One's youngest ever racer Max Verstappen, an ambitious target of fifth place in the constructors' championship. The Red Bull-owned outfit took the wraps off the STR10 car at the Jerez circuit in Spain on Saturday, the eve of pre-season testing, with 17-year-old Verstappen partnering 20-year-old Spaniard Carlos Sainz....More
Newswire

TRW-made circuits to be replaced in air bag vehicle recall - NHTSA  

Jan 31 (Reuters) - The remedy in the latest U.S. vehicle recall announced on Saturday involves replacing the entire air bag module, including circuits manufactured by TRW automotive holdings, the head of the National Highway Traffic Safety Administration said. NHTSA Administrator Mark Rosekind told reporters the recall was prompted by 400 reported inadvertent air bag deployments. The incidents had caused some minor injuries, but there were no known fatalities, he said. (Reporting by Mohammad Zargham in Washington; Editing by Alison Williams)...More
Newswire

JPMorgan to pay $99.5 mln to resolve currency rigging lawsuit  

By Jonathan Stempel NEW YORK, Jan 31 (Reuters) - JPMorgan Chase & Co, the largest U.S. bank, agreed to pay $99.5 million to settle its portion of an antitrust lawsuit in which investors accuse 12 major banks of rigging prices in the $5.3 trillion-a-day foreign exchange market. Made public on Friday night, the settlement is the first in the nationwide litigation and resolved claims over JPMorgan's role in alleged collusion among banks since January 2003 to manipulate the WM/Reuters Closing Spot Rates, known as the Fix....More
Newswire

UPDATE 1-U.S. regulators say 2.1 million vehicles recalled over air bag fault  

(Adds details of vehicles recalled) By Joe White Jan 31 (Reuters) - Some 2.1 million vehicles produced by Toyota Motor Corp, Fiat Chrysler Automobiles NV and Honda Motor Co are being recalled to fix a potentially defective chip that could cause air bags to deploy inadvertently, U.S. federal vehicle safety regulators said Saturday....More
Newswire

U.S. regulators say 2.1 million vehicles recalled over air bag fault  

By Joe White Jan 31 (Reuters) - Some 2.1 million vehicles produced by Toyota Motor Corp, Fiat Chrysler Automobiles NV and Honda Motor Co are being recalled to fix a potentially defective chip that could cause air bags to deploy inadvertently, U.S. federal vehicle safety regulators said Saturday....More
Newswire

BMW, Bosch join Deutsche Bahn in airline cartel damages claim  

FRANKFURT, Jan 31 (Reuters) - German carmaker BMW and car supplier Bosch said on Saturday they would join Deutsche Bahn in two claims for about 2.1 billion euros ($2.4 billion) in damages from air freight carriers who were involved in a cartel. The air cargo cartel, which included Europe's biggest airline Lufthansa and British Airways, was first discovered seven years ago and triggered fines in the European Union and in the United States....More
Newswire

UPDATE 1-Honda says fatal crash involved Takata air bag inflator rupture  

(Adds Takata response, background) DETROIT, Jan 30 (Reuters) - Honda Motor Co Ltd on Friday said it has confirmed that a Takata Corp air bag inflator ruptured in a Jan. 18 crash in Texas that killed the driver. Prior to the incident that took place near Houston, Takata air bags had been linked to at least five deaths....More
Newswire

Uber probed by U.S. judge on driver benefits  

By Dan Levine SAN FRANCISCO, Jan 30 (Reuters) - A U.S. judge appeared skeptical on Friday about Uber's bid for a quick pretrial ruling that its drivers are contractors and not employees, a critical question facing Silicon Valley's sharing economy....More
Newswire

Honda says fatal crash involved Takata air bag inflator rupture  

DETROIT, Jan 30 (Reuters) - Honda Motor Co on Friday said it has confirmed that a Takata Corp air bag inflator ruptured in a Jan. 18 crash in Texas that killed the driver. Prior to this incident, Takata air bags had been linked to at least five deaths. On Thursday, Honda issued a statement about the fatal crash involving a 2002 Honda Accord with a Takata air bag but had not yet confirmed that the inflator had ruptured. (Reporting by Bernie Woodall)...More
Connect With Us

Sponsored Introduction Continue on to (or wait seconds) ×